Charles Schwab Investment Management Inc. Sells 10,291 Shares of nLight $LASR

Key Points

• Charles Schwab Investment Management Inc. reduced its nLight holdings by 2.6%, now owning approximately 378,393 shares worth $2.94 million after selling 10,291 shares in the first quarter.
• Several institutional investors increased their stakes in nLight, with notable increases from Vanguard Group (up 2.1%) and Segall Bryant & Hamill LLC (up 140.4%), indicating strong institutional interest in the company.
• Analysts remain optimistic, with Needham & Company raising its price target for nLight from $18 to $28 and several firms giving the stock a "buy" or "speculative buy" rating.

Charles Schwab Investment Management Inc. reduced its position in shares of nLight (NASDAQ:LASR - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 378,393 shares of the company's stock after selling 10,291 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.77% of nLight worth $2,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp lifted its stake in nLight by 11.1% during the 4th quarter. Stifel Financial Corp now owns 159,648 shares of the company's stock valued at $1,675,000 after acquiring an additional 15,904 shares during the period. Bank of America Corp DE lifted its stake in nLight by 72.0% during the 4th quarter. Bank of America Corp DE now owns 209,644 shares of the company's stock valued at $2,199,000 after acquiring an additional 87,788 shares during the period. Segall Bryant & Hamill LLC lifted its stake in nLight by 140.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after acquiring an additional 705,215 shares during the period. Moody National Bank Trust Division lifted its stake in nLight by 345.1% during the 1st quarter. Moody National Bank Trust Division now owns 48,757 shares of the company's stock valued at $379,000 after acquiring an additional 37,803 shares during the period. Finally, Vanguard Group Inc. lifted its stake in nLight by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock valued at $28,495,000 after acquiring an additional 74,163 shares during the period. Institutional investors own 83.88% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Craig Hallum restated a "buy" rating and set a $24.00 target price (up previously from $14.00) on shares of nLight in a research note on Thursday, June 26th. Cantor Fitzgerald upped their target price on shares of nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a research note on Friday, August 8th. Benchmark boosted their price target on nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, nLight has a consensus rating of "Buy" and a consensus price target of $26.42.

nLight Stock Performance

Shares of NASDAQ LASR traded down $0.35 during trading on Tuesday, hitting $28.45. The company had a trading volume of 943,354 shares, compared to its average volume of 630,638. The stock has a 50 day simple moving average of $22.24 and a 200 day simple moving average of $14.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. nLight has a 12 month low of $6.20 and a 12 month high of $30.00. The firm has a market capitalization of $1.42 billion, a P/E ratio of -29.95 and a beta of 2.44.

nLight (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The firm had revenue of $61.74 million for the quarter, compared to the consensus estimate of $55.24 million. During the same quarter last year, the company earned ($0.10) earnings per share. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. nLight has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that nLight will post -1.1 earnings per share for the current year.

Insider Transactions at nLight

In other news, CEO Scott H. Keeney sold 35,732 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,010,858.28. Following the completion of the transaction, the chief executive officer owned 2,513,734 shares of the company's stock, valued at $71,113,534.86. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joseph John Corso sold 38,284 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,083,054.36. Following the completion of the transaction, the chief financial officer directly owned 273,118 shares of the company's stock, valued at approximately $7,726,508.22. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 364,300 shares of company stock valued at $9,374,016. Corporate insiders own 6.10% of the company's stock.

nLight Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.